Japanese equities rallied sharply, lifting the Nikkei 225 by 1.1 percent to a fresh five-year high after reports suggested the government may announce a ¥15 trillion stimulus package next week. Buying was concentrated in automotive, construction, and semiconductor equipment stocks amid optimism that fiscal spending will sustain domestic consumption. Analysts highlighted the yen’s relative stability and improving export margins as additional drivers. Market strategists cautioned that bond yields could rise if fiscal issuance expands too aggressively, though corporate earnings momentum remains supportive for near-term sentiment.